Question
Gullo Company reported these figures for 2024 and 2023: LOADING... (Click the icon to view the figures.) Read the requirements LOADING... .Requirement 1. Compute Gullo
Gullo
Company reported these figures for
2024
and
2023:
LOADING...
(Click the icon to view the figures.) Read the requirements
LOADING...
.Requirement 1. Compute
Gullo
Company's earnings per share for
2024.
Assume the company paid the minimum preferred dividend during
2024.
Round to the nearest cent.Select the formula, then enter the amounts to calculate the company's earnings per share for
2024.
(Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.)
| ( |
| - |
| ) |
| = | Earnings per share | |
| ( |
| - |
| ) |
| = |
|
Requirement 2. Compute
Gullo
Company's price/earnings ratio for
2024.
Assume the company's market price per share of common stock is
$3.
Round to two decimals.Select the formula, then enter the amounts to calculate the company's price/earnings ratio for
2024.
(Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.)
|
|
| = | Price/earnings ratio | |
|
|
| = |
|
Requirement 3. Compute
Gullo
Company's rate of return on common stockholders' equity for
2024.
Assume the company paid the minimum preferred dividend during
2024.
Round to the nearest whole percent.Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for
2024.
(Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.)
| ( |
| - |
| ) |
| = | Rate of return on common SE | ||
| ( |
| - |
| ) |
| = |
| % | |
|
| 2024 | 2023 |
| Income Statementpartial: | ||
| Net Income | $4,700 | $16,000 |
|
| Dec. 31, 2024 | Dec. 31, 2023 |
| Balance Sheetpartial: | ||
| Total Assets | $270,000 | $230,000 |
| Paid-In Capital: |
|
|
| Preferred Stock1%, $10 Par Value; 70,000 shares | $70,000 | $70,000 |
| authorized, 7,000 shares issued and outstanding |
|
|
| Common Stock$1 Par Value; 80,000 shares | 40,000 | 40,000 |
| authorized; 40,000 shares issued and outstanding |
|
|
| Paid-In Capital in Excess of ParCommon | 25,000 | 25,000 |
| Retained Earnings | 54,000 | 50,000 |
| Total Stockholders' Equity | $189,000 | $185,000 |
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Bank Stability, Sovereign Debt And Derivatives
Authors: Author
1st Edition
113733214X, 9781137332141
